Thread

Why?

Because same problem remains. Liquid is #Bitcoin IOU, not #Bitcoin. Trust is required to reedeem(peg out). View quoted note → There is a backdoor which can be accessed by blockstream. View quoted note → It will repeat the history of gold. View quoted note →

If you think alby is safer then you do you.

Signal

Yeah I’ve finally been reading about Liquid. Early on still, but my initial, likely to be inaccurate impression is it just custody with more steps?

Custodial* The difference is kinda crucial 😂😅

What you asked is, "Is Liquid custodial or not?", it is custodial. But, to me, it is worse than other custodial services and it is just one of shitcoins. Liquid clouds #Bitcoin-ers' eyes. I dare saying it is a #Bitcoin affinity scam. LN is layer 2, not product of one company. Custodial LN is product. Some people run their own LN nodes. Some people use custodial LN with considering tradeoffs. To me, it is acceptable whether I use or not. Liquid is different from LN. It is hyper centralized in the first place. It is product of Blockstream. Some people use Liquid with considering tradeoffs. To me, it is not acceptable. Stacking liquid instead of #Bitcoin due to the low fee is equal to stacking paper gold instead of gold due to the interest. It will repeat the history.

I don't think that's what they're saying. I think they're suggesting that LN offers choice by way of having a product which companies can then offer by way of custody, but also said product can be utilised without such companies and taken up by ourselves. Whereas in Liquid you can't, at all, have that same choice. The infrastructure is a federation (of 16?) corporate entities. Users have no way to run their own infrastructure. As much as we're going through a rough patch with lightning, truth is, EVERYONE is free to take their sats and run their own nodes, especially nowadays with things like @ZEUS Wallet allowing anyone to run their own mobile wallet (it's still in beta, but close.) - That's the distinguishing feature here and as much I have my own uncertainties about lightning, it's something worth protecting rather than jumping boat to something that just seems to work, potentially because it has very little usage compared, without really looking behind those curtains.

No longer in beta. We’re on both app stores now too

Hello @ZEUS friend, I installed v 080 arm64 from github and now it shows my channel with you as inactive and the UI channels page is blinking nonstop. Suggestions? Should I just wait for next release or nuke and install from playstore from now on?

Try disabling auto redeem in Lightning address settings

That fixed the blinking :). But channel remains offline/Olympus peer status inactive. Deleted cache, restarted, same. 👀

Sometimes the node just conks out, and eventually resolves itself and works again (maybe Evan turns it on and off again, lol). Try refreshing from the channel screen, and see if that changes anything. Nine times out of ten, it does.

At this point in cashu life and the mints it's all very experimental, not appropriate to store anything meaningful right now imo

Ya. Im not able to cash out of cashu. Just checked 😮‍💨 https://image.nostr.build/e275b65ccea4ed9ab6428b9b63ed54b177a829169a23743ef6c03ee066d615e2.jpg#m=image%2Fjpeg&dim=864x1920&alt=Enuts+%27paystatus%27+error&blurhash=%5BKPs*Kj%5Bt8j%5B%7EEfQS1fQ0xfQr%40fQ%5E%2CfQV%40fQ9Ef6offQ-pfQX8fQM%7CfQayfQpHfQo2fQrafQWUfQ&x=c26c04d51bfadf39ad87a7ff256262e60d990700932192297976371b2e989802

Going to ask a second question too. From what I understand Breez is non custodial lightning on my phone, but to be honest I really don’t like the opaqueness of it. Is this less risky than say an Alby but more risky than running my own lightning node?